Crypto hackers steal $169M from 34 DeFi protocols in Q1: DefiLlama

In recent developments, january saw the largest attack against a DeFi protocol of the quarter, the $40 million private key compromise of portfolio management platform Step Finance. Looking closer, market…

Google Jumps Back Into the Open Source AI Race With Gemma 4

In recent developments, google drops Gemma 4, a family of open models under the Apache 2.0 license, just as the U.S. open-source scene badly needed a win. Looking closer, market…

Elon Musk’s X Is Making Big Changes to Combat Crypto Scams

In recent developments, will Elon Musk’s X finally zap crypto scams? Here’s why one exec says the changes “should kill 99% of the incentive.” The development has drawn attention from…

Drift Protocol’s $285 Million Exploit on Solana Raises Questions Over DeFi Se…

In recent developments, a blockchain security expert compared Drift’s lapse in security to Ethereum network Ronin’s $625 million loss in 2022. Looking closer, market participants highlight key drivers such as…

Bitcoin supply in profit heads to ‘true bear market’ levels

In recent developments, cryptoQuant data shows there are 8.2 million Bitcoin currently at a loss, which is still under the amount of Bitcoin at a loss during the 2022 bear…

NFL’s Billion-Dollar Sportsbook Partnerships Expire With No Replacement as …

In recent developments, the National Football League (NFL) entered April without a single official sportsbook partner for the first time since 2021, as its trio of existing deals with Fanuel,…

Bitcoin miner Riot sold 3,778 BTC during Q1 amid profitability pressures

In recent developments, arkham also flagged a 500 Bitcoin outflow from Riot on Thursday, while MARA Holdings, Genius Group and Nakamoto Holdings sold a combined 15,501 Bitcoin in the last…

Stablecoins flip automated clearing house volume in February

In recent developments, stablecoin monthly transaction volume hit $7.2 trillion in February, surpassing the $6.8 trillion processed by the Automated Clearing House network. Looking closer, market participants highlight key drivers…

Circle to launch cirBTC wrapped Bitcoin, challenging BitGo and Coinbase

In recent developments, circle, known for issuing stablecoins including USDC and EURC, is expanding into the Bitcoin space, targeting institutional users. Looking closer, market participants highlight key drivers such as…

Tokenization makes finance more efficient but introduces risks: IMF

In recent developments, the IMF said tokenization could improve cross-border payments and financial inclusion in emerging economies but cited concerns over volatility and the “erosion of monetary sovereignty.” Looking closer,…